The report noted there were almost 25,000 properties for sale nationwide in September, around 1,000 higher than in 2017.

Mr Lyons said: “The increase in availability is almost entirely driven by Dublin, where stock on the market has improved 40% year-on-year.

“The rest of Leinster has also seen stock increase (by 7%), while Munster and Connacht-Ulster continue to see availability shrink.”

Martin Clancy from Daft.ie said: “House prices are still increasing but the rate of increases, especially in Dublin, has slowed down considerably due to a 40% increase in the housing stock on the Dublin market.”